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Bond valuationAnnual interestCalculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon here in order

Bond valuationAnnual interestCalculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Par value $500 Coupon interest rate 6% 5Years to maturity Required return 18 % Question content area bottom Part 1 The value of the bond is $ enter your response here. (Round to the nearest cent.)

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